a. What is the amount of accounts receivable which Aaron expected to collect in cash in future periods (beyond December 31, 2008)? That is, what is the net realizable value of Aaron's accounts receivable as of 12/31/2008?

b. The amounts of bad debt expense were listed in the income statement as $8,100 in 2008, and $5,700 in 2007. What amount of "write-offs" was taken during fiscal year 2008?

Problem 2

Highland Corporation provided the following information for its accounts receivable, and the allowance for doubtful accounts: